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211. Alpha Bank sets sights on Cyprus insurer Altius in expansion push

Alpha Bank is in talks to buy Altius Insurance, a Cyprus-based insurance company it already works with to sell insurance products through its branches. While nothing has been finalized yet, sources say discussions have progressed to a potential acquisition....

212. From I do to I declare: Weddings now come with a bank form

Weddings in Cyprus come with dancing, food, and the all-important envelope. But now, it seems those envelopes might need more paperwork than your actual marriage license....

213. May Newsletter of K. Treppides & Co Ltd – 30/05/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

214. Cyprus exits EU’s macroeconomic imbalance list as Brussels urges reforms in innovation, energy, and education

Cyprus is no longer considered a country with macroeconomic imbalances, the European Commission announced Wednesday in its 2025 Spring Package, marking a significant milestone in the nation’s post-crisis economic recovery....

215. Unemployment drops 9.6% in May compared to last year

The number of registered unemployed in Cyprus fell to 7,378 in May, a 9.6% drop compared to the same month last year, according to figures released Wednesday by the Statistical Service....

216. Trapped property owners finally see the light at the end of the tunnel

A long-overdue lifeline may finally be on the way for thousands of Cypriots trapped in property nightmares, as a new bill aimed at resolving the issue moves closer to a vote in Parliament....

217. Kremlin's security shattered as Ukraine targets Russian heartland

A series of Ukrainian drone strikes deep inside Russian territory over the weekend has exposed vulnerabilities in Moscow’s military defenses and dealt a symbolic and strategic blow to the Kremlin’s confidence, just ahead of peace talks in Istanbul....

218. Audit flags conflict of interest in Parliament’s €77,500 furniture purchase

The architect who recommended a €77,500 furnishing labeled as "artwork" for the House of Representatives also holds a managerial position at the company that supplied the furniture, according to the Audit Service....

219. EY announces the appointment of 4 new partners in Cyprus

EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of four new partners:...

220. Deloitte Cyprus welcomes two new partners

Deloitte Cyprus is pleased to announce the growth of its leadership team with the appointment of two new partners, effective 1 June 2025....

221. payabl. launches Virtual Business Cards to empower smarter business spending

Leading European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending....

222. Phedon Phedonos sounds the alarm: Drugs in schools, fake degrees on the rise

In a fiery new round of revelations, Paphos Mayor Phaidonas Faidonos has raised the alarm over what he says is rampant drug trafficking in Cyprus’ schools and an emerging academic scandal he calls the new ''Golden Degrees.''...

223. Freedom Holding Corp. added to the prestigious Russell 3000® Index

Freedom Holding Corp. (FRHC), a diversified, multinational financial services firm, has been selected for inclusion in the Russell 3000® Index as part of its annual reconstitution in 2025. The inclusion will take effect after the US market closes on June 27, 2025....

224. Shock bills, football fixes & a U-turn on Makarios Ave: Cyprus' week of curveballs

From electricity bills getting a surprise bump to football clubs sliding past tax rules (again) and a Nicosia street project taking a literal U-turn, this week was full of plot twists. ...

225. Tensions erupt over Abramovich case allegations at Parliamentary Committee

Allegations of high-level political interference surrounding a multimillion-euro VAT debt linked to Russian billionaire Roman Abramovich escalated Thursday in Cyprus’ Parliament, with tensions erupting between lawmakers and investigative journalist Makarios Drousiotis....

226. Interior Minister proposes cutting deputy mayors, cites need for local government reform

Interior Minister Konstantinos Ioannou said the government is considering proposals to reduce the number of Deputy Mayors across Cyprus, calling the current figure of 93 “excessive.”...

227. Freedom24 hits 100K users in Greece, driven by digital-savvy investors

228. Paphos Mayor accuses police of breach and political cover-up

Paphos Mayor Phedonas Phedonos has launched a scathing attack on the chief of police, accusing him of breaking a promise, compromising his safety, and politicizing law enforcement, all while raising the alarm on alleged money laundering in Cyprus by Latin American drug cartels....

229. Cyprus launches voluntary return plan for Syrians ready to return home

The Cypriot government on Thursday rolled out a new voluntary repatriation plan for Syrian families who wish to return home, as the country begins to rebuild in the wake of a long civil war....

230. More struggling homeowners get relief under government’s OIKIA scheme

The General Accounting Office has wrapped up the second phase of the government’s OIKIA Scheme, approving financial relief for dozens more struggling homeowners. ...

231. Cyprus’ archaeological nerve center shuts its doors

It’s the end of a chapter in Cyprus’ archaeological history, and for many, the loss hits close to home....

232. Cypriots ready to embrace home energy storage, but only with subsidies, survey finds

A recent survey reveals strong Cypriot consumer support for expanding household photovoltaic (PV) systems with battery storage, but adoption hinges on government subsidies, according to research by Realpolls presented at the Green Agenda Cyprus Summit....

233. Single-parent families get fairer deal under new benefit rules

Cyprus is scrapping a controversial rule that cost many single-parent families their financial support....

234. Cyprus, caught in drug cartel crossfire, says Paphos Mayor

Paphos Mayor Phedonas Phedonos has made explosive claims that Cyprus is now part of an international money laundering network used by Latin American drug cartels....

235. Aegean Airlines: First Quarter 2025 Trading Update

AEGEAN announces its key financial and operating results for the first quarter of 2025....

236. India turns its gaze to Cyprus as gateway to Europe and the Middle East

Cyprus is emerging as a promising bridge between India and the broader regions of Europe and the Middle East, with business ties between the two countries gaining serious momentum....

237. Global VC investment rises in Q1’25 on back of record-setting $40 billion Open AI deal, according to KPMG’s Venture Pulse

Global VC investment surged from $118.7 billion in Q4’24 to an eleven-quarter high of $126.3 billion in Q1’25, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market....

238. May Newsletter of K. Treppides & Co Ltd – 23/05/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

239. May Newsletter of K. Treppides & Co Ltd – 16/05/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

240. Pensioners' union criticizes Labour Ministry for ignoring pensioners’ financial struggle

The Union of Cypriot Pensioners (EKYSY) has criticized the Ministry of Labour for rejecting its request to advance May pension payments, citing concerns over the financial strain caused by a prolonged gap between payments....